Dorsey Wright & Associates raised its position in Synopsys, Inc. (NASDAQ:SNPS) by 31.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,939 shares of the semiconductor company’s stock after acquiring an additional 5,979 shares during the period. Dorsey Wright & Associates’ holdings in Synopsys were worth $2,008,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of SNPS. AXA raised its holdings in shares of Synopsys by 22.8% in the 2nd quarter. AXA now owns 704,528 shares of the semiconductor company’s stock worth $51,382,000 after buying an additional 130,700 shares in the last quarter. Bridgewater Associates LP acquired a new position in shares of Synopsys in the 2nd quarter worth approximately $448,000. AJO LP raised its holdings in shares of Synopsys by 132.1% in the 2nd quarter. AJO LP now owns 1,449,128 shares of the semiconductor company’s stock worth $105,685,000 after buying an additional 824,879 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Synopsys by 3.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,277,670 shares of the semiconductor company’s stock worth $311,973,000 after buying an additional 125,190 shares in the last quarter. Finally, Janus Henderson Group PLC raised its holdings in shares of Synopsys by 14,458.8% in the 2nd quarter. Janus Henderson Group PLC now owns 3,226,957 shares of the semiconductor company’s stock worth $235,342,000 after buying an additional 3,204,792 shares in the last quarter. 89.78% of the stock is owned by hedge funds and other institutional investors.

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In other Synopsys news, CEO Chi-Foon Chan sold 3,750 shares of the stock in a transaction on Friday, August 18th. The stock was sold at an average price of $77.50, for a total value of $290,625.00. Following the transaction, the chief executive officer now directly owns 200,429 shares in the company, valued at approximately $15,533,247.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Joseph W. Logan sold 5,000 shares of the stock in a transaction on Friday, August 18th. The shares were sold at an average price of $76.99, for a total value of $384,950.00. Following the completion of the transaction, the executive vice president now owns 63,793 shares in the company, valued at $4,911,423.07. The disclosure for this sale can be found here. Company insiders own 1.82% of the company’s stock.

Synopsys, Inc. (SNPS) traded up $0.54 during mid-day trading on Tuesday, reaching $87.82. The company had a trading volume of 986,100 shares, compared to its average volume of 1,050,148. Synopsys, Inc. has a 12-month low of $56.03 and a 12-month high of $87.94. The firm has a market cap of $13,113.62, a PE ratio of 35.05, a price-to-earnings-growth ratio of 3.97 and a beta of 1.00. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.07 and a quick ratio of 1.07.

Synopsys (NASDAQ:SNPS) last released its quarterly earnings results on Wednesday, August 16th. The semiconductor company reported $0.92 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.92. Synopsys had a return on equity of 11.60% and a net margin of 12.37%. The firm had revenue of $695.40 million during the quarter, compared to analysts’ expectations of $691.22 million. During the same period last year, the firm posted $0.76 EPS. The business’s revenue was up 13.0% on a year-over-year basis. equities research analysts forecast that Synopsys, Inc. will post 1.93 earnings per share for the current year.

A number of brokerages have recently issued reports on SNPS. BidaskClub cut Synopsys from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Royal Bank Of Canada raised Synopsys from an “outperform” rating to a “top pick” rating and increased their target price for the stock from $90.00 to $100.00 in a report on Wednesday, October 25th. Zacks Investment Research raised Synopsys from a “hold” rating to a “buy” rating and set a $86.00 target price for the company in a report on Monday, August 21st. Credit Suisse Group reissued a “positive” rating and issued a $90.00 target price (up from $82.00) on shares of Synopsys in a report on Tuesday, August 15th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $83.00 target price (up from $77.00) on shares of Synopsys in a report on Thursday, August 17th. Three research analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the company. Synopsys presently has a consensus rating of “Buy” and a consensus price target of $85.25.

About Synopsys

Synopsys, Inc provides software, intellectual property (IP) and services. The Company supplies the electronic design automation (EDA) software that engineers use to design and test integrated circuits, also known as chips. It also offers IP products, which are pre-designed circuits that engineers use as components of larger chip designs rather than designing those circuits themselves.

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Institutional Ownership by Quarter for Synopsys (NASDAQ:SNPS)

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